The suspended BYJU’S director and promoter has alleged in his petition that the US-based lender group fraudulently represented itself to become a financial creditor in the insolvency proceedings
Cofounder Byju Raveendran has also alleged that the GLAS Trust, which is a consortium of the $1.2 Bn Term Loan B (TLB) lenders of the company, created a narrative to take control of BYJU’S
GLAS Trust won a conviction in the US after suing BYJU’S for allegedly moving funds from its US accounts to other companies in contravention of the…

![[CITYPNG.COM]White Google Play PlayStore Logo – 1500×1500](https://startupnews.fyi/wp-content/uploads/2025/08/CITYPNG.COMWhite-Google-Play-PlayStore-Logo-1500x1500-1-630x630.png)